The global plastic antioxidants market has substantial scope to expand its market reach during the forecast period of 2018 to 2023, believes Market Research Future (MRFR). The market is on a course to benefit from several ends user industries like oil & gas, automotive, petrochemicals, coil, aerospace, and others. However, the COVID-19 plastic antioxidants market analysis revealed that the market will find it difficult to grow due to the stringent regulations imposed upon various end user industries. The pandemic outbreak has affected the supply chain significantly owing to which the market has changed its track from the expected growth curve.
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The COVID-19 analysis of the plastic antioxidants market reveals that there are several problems that can hinder the market growth. This is die to the lockdowns various countries are experiencing. These lockdowns have imposed several regulations on transit and logistics owing to which companies are facing slowing down in revenues. In addition, several companies were asked to stop their production, which also changed the market dynamics. For instance, the automotive segment has been asked to stop productions, owing to which the intake of the plastic antioxidants would get curbed. However, the market may find some growth in the food and pharmaceutical sectors as both the regions are experiencing huge boosts in fund to keep things normal and find a way out of the troubles.
The global Plastic Antioxidants Market, as discussed by MRFR analysts, includes detailed analysis of polymer resin and antioxidants type. These segments have proper assessment of various factors bolstered by figures and charts that can help in making better decisions in the future to make the market growth sustainable.
By polymer resin, the market for plastic antioxidants has been segmented into polypropylene, polystyrene, polyvinylchloride, polyethylene, and acrylonitrile butadiene styrene. The acrylic resin segment has the maximum market share owing to its features like better tensile strength, stiffness, and ductility. The polyethylene and polypropylene segments are on a track of growth as heavy end use industries have increased their intake of the product.
By antioxidants type, the global market study on the plastic antioxidants revealed several segments like phenolic, antioxidant blends, and phosphite & phosphonite. The phosphite & phosphonite segment has significant market share. The phenolic antioxidants segment has a huge market share as it has substantial demand in various end-use industries like plastics & rubber, pharmaceutical, food, and others.
These companies are investing much in their strategies like mergers, acquisitions, collaborations, and others. These tactical moves boost the portfolio of a company, which helps in luring more customers. On the other hand, companies are also investing in research and development to inspire innovation and influence market growth. MRFR recorded these latest changes from branding, development of a portfolio, launching of products to understand the market flow.
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Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
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Asia Pacific has the market lead and it is getting boosted by the booming industries present in the region. The regional market is getting amply backed by countries like India and China where the production units are fetching substantial revenue. In North America and Europe, this growth will be significant.
The global plastic antioxidants market are getting backed by the strategic advancements made by
- Solvay (Belgium),
- BASF SE (Germany),
- Dover Corporation (U.S.),
- SAKAI CHEMICAL INDUSTRY CO.,
- LTD (Japan), SI Group, Inc (U.S.),
- Evonik Industries AG (Germany),
- LANXESS (Germany),
- Trigon Antioxidants Pvt. Ltd. (India),
- Krishna Antioxidants Pvt. Ltd (India),
- Shandong Linyi Sunny Wealth chemicals Co., Ltd (China)
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